-
Business
-
Policy & Business
-
-
Federal IT
-
Information Technology
-
-
State & Local
-
State & Local Government
-
-
Defense
-
Defense & Intelligence
-
-
Healthcare
-
Healthcare Policy & IT
-
-
Energy
-
Energy Policy & Technology
-
-
Education
-
Education Policy & Technology
-
Detroit May Be Out from Under State Oversight, But Its Problems Are Far From Over
Governing: Less than five years after it declared what was then the largest municipal bankruptcy in history, Detroit emerged from state financial oversight on Monday. But the milestone is largely a symbolic one: The Motor City is still deeply troubled.
There's no question that Detroit has improved. The city has reported balanced budgets in each of the past three years, a big turnaround from the years leading up to its $18 billion bankruptcy. But a big part of that success is because it was able to unload $7 billion of its liabilities during the bankruptcy process. That deal also gave the city temporary pension payment relief, meaning its current budgets don’t include the full cost of the city’s retirement obligations.
Share
Top Stories
- The Top Issues for State Government Tech Leaders
- Senate Majority Leader Andrea Stewart-Cousins tells Cuomo to resign
- Longmont City Council Considers Commuter Rail Options
- Democrats forge deal to strip Cuomo's emergency powers
- Michigan GOP: Relief Spending Contingent on Whitmer’s Power
- Biden plan to distribute virus aid irks some governors
- States Expect Delay of Federal Unemployment Payments
- How Seattle's new payroll tax complicates efforts to enact one statewide
- Stimulus extends unemployment benefits. Tens of thousands in NC may still be left out.
- Connecticut Transportation Funds Could Go Broke by 2024
- State Legislatures Face a Session Like No Other
- Researchers Examining Covid Vaccine Barriers, Skepticism in Five Communities
- Legislature will meet in person, defying pleas to meet entirely remotely
- Over 1.1 million ballots cast in early voting for Georgia U.S. Senate runoffs
- Congress Nears Covid-19 Relief Deal With Direct Stimulus Payments, But No Local Government Aid
- Dems ask to postpone legislative session
Whitepapers & Special Reports
i360Gov Newsletters
The most significant government policy, business, and technology news and analysis delivered to your inbox.
Subscribe NowAlso in State & Local Government
About
i360Gov is an intelligent network of websites and e-newsletters that provides government business, policy and technology leaders with a single destination for the most important news and analysis regarding their agency strategies and initiatives.
Contact Us
Telephone: 202.760.2280
Toll Free: 855.i360.Gov
Fax: 202.697.5045
Newsletters
Copyright © 2009-2025 i360Communications, LLC.